Pacific Mail
News from San Francisco reports the arrival of a steamer, grim word on victims of the wrecked steamer George S. Wright, and figures on trade with Central America and the mounting debt of the Central Pacific Railroad.
NewsPipe summary
The Cairo Bulletin · July 18, 1873 · Page 1
1 min readSAN FRANCISCO, July 16.
A dispatch from Portland says the steamer Alton has arrived.
The press has received reports of the finding of several bodies, persons supposed to have perished on the ill-fated steamer George S. Wright.
The value of merchandise and produce exported from San Francisco to Central America, during the past eighteen months, foots up over $32,000,000. During the same period there was shipped treasure of $[...].
The Bulletin publishes a table showing the present indebtedness of the Central Pacific railroad: credit bonds, borrowed money, unpaid interest, $103,613,000. Net earnings of the road for the year ending June 30, 1872, date of its last official report, $4,050,433. It is estimated $500,000 per annum goes into the hands of private speculators, and not toward the release of the company's obligations.
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